{"id":777020285,"date":"2024-10-30T09:21:43","date_gmt":"2024-10-30T12:21:43","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020285"},"modified":"2026-04-22T04:41:56","modified_gmt":"2026-04-22T07:41:56","slug":"illegal-gambling-in-india-8-locations-raided","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/illegal-gambling-in-india-8-locations-raided","title":{"rendered":"Illegal gambling in India: 8 locations raided"},"content":{"rendered":"\n

The Enforcement Directorate has carried out raids in Mumbai and Kutch.<\/p>\n\n\n\n\n\n\n\n

India.- The Enforcement Directorate (ED) <\/strong>has conducted eight raids in Mumbai and Kutch, Gujarat, in connection to an illegal betting app called Fairplay<\/strong>. The app is said to broadcast Indian Premier League (IPL) matches and allow online betting.<\/p>\n\n\n\n

The raids resulted in the seizure and freezing of assets, including cash, bank funds and silver bars, totalling around Rs 4 crore (US$475,906). The ED also seized documents and digital devices. Fairplay is based in Dubai. The raids targeted technical and financial management support services..<\/p>\n\n\n\n

In 2023, the Nodal Cyber Police in Maharashtra lodged a first information report (FIR) against Fairplay Sport and others based on a complaint from Viacom 18<\/strong>, the official broadcaster of the IPL for causing revenue losses exceeding Rs 100 crore (US$11.9m). Suspecting money laundering, the ED opened a separate enforcement case and discovered that Krish Laxmichand Shah<\/strong>, the principal figure behind Fairplay, registered multiple companies including Play Ventures and Dutch Antilles Management in Curacao, Fair Play Sport and Fairplay Management DMCC in Dubai and Play Ventures Holding in Malta<\/p>\n\n\n\n

See also: <\/strong>9 arrested for alleged betting in Nagpur<\/a><\/p>\n\n\n\n

Saurabh Chandrakar, the owner of\u00a0the Mahadev Book betting app<\/a>, was arrested on October 11 in Dubai following the issuance of a Red Notice (RN) by the Enforcement Directorate (ED) of India. It\u2019s expected that Chandrakar will be extradited to India within a week.<\/p>\n\n\n\n

Chandrakar<\/strong> and\u00a0Ravi Uppal<\/strong> from Dubai are accused of using an online book betting application and of laundering money through a network of benami (unnamed) bank accounts.\u00a0The ED said Mahadev followed a franchising model by offering \u201cPanel\/Branches\u201d to known associates on a 70-30 profit-sharing basis. Last September, the ED raided the offices of celebrities\u2019 managers in Mumbai and Delhi as part of a money laundering investigation related to the wedding of Chandrakar.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The Enforcement Directorate has carried out raids in Mumbai and Kutch.<\/p>\n","protected":false},"author":176,"featured_media":34643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Enforcement Directorate has conducted raids in Mumbai and Kutch, India, targeting the illegal betting app Fairplay, resulting in the seizure of assets valued at approximately US$475,906. These actions stem from a Viacom18 complaint regarding significant revenue losses and ongoing money laundering investigations involving Fairplay's principal, Krish Laxmichand Shah, and its international corporate structure. This enforcement activity underscores the escalating regulatory scrutiny on illicit online gambling operations and their financial networks within the Indian market.","focusai_entities":"Enforcement Directorate (ED), Fairplay, Viacom18, Fairplay Sport, Krish Laxmichand Shah, Play Ventures, Dutch Antilles Management, Fairplay Management DMCC, Play Ventures Holding, Mahadev Book, Saurabh Chandrakar, Ravi Uppal, Nodal Cyber Police in Maharashtra","focusai_location":"Mumbai, Kutch, Gujarat, India, Dubai, Curacao, Malta, Nagpur, Delhi","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.8), affiliate_publisher (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Cross-border Enforcement Efficacy","query":"What specific international cooperation mechanisms were leveraged by the Enforcement Directorate to target Fairplay's Dubai-based operations and Krish Laxmichand Shah's multi-jurisdictional corporate registrations in Curacao and Malta?"},{"label":"Impact on Indian iGaming","query":"How might these high-profile enforcement actions against Fairplay and Mahadev Book influence the ongoing regulatory discussions and potential legislative frameworks for legal online gaming within India?"}],"footnotes":""},"categories":[439,16333],"tags":[20326],"class_list":["post-777020285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-illegal-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777020285"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020285\/revisions"}],"predecessor-version":[{"id":777020305,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020285\/revisions\/777020305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/34643"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}